Monday, July 22, 2013

How Bad Is The Economy? Apparently Not Too Bad: Summer Box Offices Doing Well

The Wall Street Journal is reporting:
At $3.2 billion so far, the North American summer box office is up 12% compared with this time last year.
*************************
A Note To The Granddaughters

In the summer of 1971 I was selling dictionaries for the Southwestern Publishing Company, Nashville, Tennessee, on the east coast. My primary sales area was Union County, Westfield, NJ.

It was there that I met the love of my life. We met in 1971. We met again in 1973, and parted ways shortly after that. She died in 2006. The song I most associate with that time period was The Doors "Riders On The Storm." It was recorded in December, 2006, and charted in 1971.

Riders On The Storm, Jim Morrison and The Doors


It's when the rain starts falling that my memories of those two years -- 1971 - 1973 -- become most intense.

Riders On The Storm, Jim Morrison and The Doors


KOG's Smokey Wells In Pembroke Oil Field Have Been Updated

Link here.

Touch Me, The Doors

The Rollefstad Downspacing Pilot Unit -- Fourteen (14) Wells In One Section In Antelope Oil Field

The Rollefstad wells project is a CLR-operated downspacing pilot -- HK corporate presentation, August, 2013; HK has a 15% working interest in this pilot program. In August, 2013, it looks like CLR has two rigs working this section.

The original post, posted January 18, 2013, said 10 wells were sited inside this section.

My, oh my, how quickly things change in the Bakken. Now there are fourteen (14) wells sited in this section.

With four more permits issued to CLR for section 3-152-94, Antelope Field, there will be fourteen (14) permits in that section. Currently, all long laterals:
  • 24812, A, CLR, Rollefstad Federal 14-3H-2, Antelope, Sanish pool; no test date; s5/13; cum 189K 1/8;
  • 24813, 773, CLR, Rollefstad Federal 13-3H, Antelope, Sanish pool; t3/14; cum 218K 1/8;
  • 24814, A, CLR, Rollefstad Federal 12-3H-2, Antelope, Sanish pool; no test date; s5/13; cum 125K 1/8;
  • 24815, 1,112, CLR, Rollefstad Federal 11-3H-1, Antelope, Sanish pool; t3/14; cum 1237K 1/8;
Previously:
  • 18909, 674, CLR, Rollesfstad 2-3H, Antelope; Sanish pool; t8/12;cum 288K 1/8;
  • 18159, 754, CLR, Rollefstad 1-3H, Antelope; Sanish pool; t9/09; cum 525K 1/8;
  • 20674, 843, CLR, Rollefstad 3-3H, Antelope; Sanish pool; t6/12; cum 399K 1/8;
  • 24722, PNC, CLR, Rollefstad Federal 6-3H-2; Antelope; Sanish pool;
  • 24723, PNC, CLR, Rollefstad Federal 5-3H-3; Antelope; Sanish pool;
  • 24724, PNC, CLR, Rollefstad Federal 4-3H-2; Antelope; Sanish pool;
The new permits in this section:
  • 24799, A, CLR, Rollefstad Federal 7-3H-1; Antelope; no test date, cum 192K 1/8;
  • 24800, A, CLR, Rollefstad Federal 8-3H-3; Antelope; no test date, cum 129K 1/8;
  • 24801, A, CLR, Rollefstad Federal 9-3H; Antelope; Sanish pool; no test date, s6/13; cum 263K 1/8;
  • 24802, 725, CLR, Rollefstad Federal 10-3H-2; Antelope, Sanish pool; t3/14; cum 131K 1/8;
Comments:
  • #18159, tested back in late 2009, is producing 6,000 bbls of oil monthly; it is hooked up to a natural gas pipeline but some natural gas is still being flared
  • once these wells are drilled and come off the confidential list, the names of these wells will make sense 

Two Areas In The Four Bears With Significant Activity

Permits

2016

2015
32196,
32195,
30785,
30784,
30783,

2014
30248,
30247,
30246,
30245,
30244,
30243,
28298,
28297,
28296,

2013
26575,
26908,
25185,
25184,
25183,
26576,
26914,
26913,
26907,
26906,

2012
24256, 2,546, HRC, Fort Berthold 152-93-7D-6-1H, t2/14; cum 324K 11/15;
24255, 2,447, HRC, Fort Berthold 152-93-7D-6-2H, t4/13; cum 267K 11/15;
24254, 1,800, HRC, Fort Berthold 152-93-7D-6-3H, t3/14; cum 279K 11/15;
24253, 1,719, HRC, Fort Berthold 152-93-7D-6-4H, t3/14; cum 110K 11/15;
24171, PNC, Petro-Hunt,
24170, PNC, Petro-Hunt,
24168, PNC, Petro-Hunt,
24167, PNC, Petro-Hunt,
23507, 520, HRC, Fort Berthold 152-93-17D-08-5H, t7/13; cum 269K 12/15; 
23506, 1,758, HRC Fort Berthold 152-93-17D-08-6H, t9/13; cum 235K 12/15;
23505, 2,147, HRC, Fort Berthold 152-93-17D-08-7H, t9/13; cum 197K 12/15;
23799, 1,132, MRO, Darrel Quale USA 14-16H, t12/12; cum 194K 12/15;

2011
22090, 1,085, HRC, Fort Berthold 152-93-17C-08-4H, t1/13; cum 203K 11/15;
21807, 1,349, HRC, Fort Berthold 152-93-9C-10-6H, t5/14; cum 110K 11/15;
20458, 555, HRC, Fort Berthold 152-93-17C-08-3H, t1/13; cum 175K 11/15;
20269, 574, HRC, Fort Berthold 152-93-17C-08-2H, t6/11; cum 308K 11/15;
21805, 1,362, HRC, Fort Berthold 152-93-9C-10-5H, t5/14; cum 194K 11/15;
21803, 1,467, HRC, Fort Berthold 152-93-9C-10-4H, t5/14; cum 223K 11/15;
21802, 741, HRC, Fort Berthold 152-93-9C-10-3H, t11/12; cum 210K 11/15;
21801, 1,206, HRC, Fort Berthold 152-93-9C-10-2H, t11/12; cum 236K 11/15;
21800, 1,584, HRC, Fort Berthold 152-93-9C-10-1H, t11/12; cum 228K 11/15;
21653, 502, HRC, Fort Berthold 152-93-18B-19-3H, t9/12; cum 300K 12/15; only one day in 12/15;
21652, 237, HRC, Fort Berthold 152-93-18B-19-2H, t9/12; cum 206K 12/15; off-line all of 12/15;

2010
19251, 406, MRO, Quale USA 31-20H, t2/11, cum 165K 11/15;

2009
18446, 118, HRC, Fort Berthold 152-93-18B-19-1H, t9/12; cum 307K 12/15 (only 3 days in 12/15)


 *********************************
Four Bears

Four Bears is a small oil field, about 15 sections, inside the reservation, just southwest of the Sanish, and west of the Big Bend, west of the river and/or under it.

It looks like the field is pretty much "owned" by Halcon.

There are two areas of operation in the Four Bears.

One area has two 3-well pads, drilling under the river.
  • 21800, 1,584, HRC, Fort Berthold 152-93-9C-10C-1H, t11/12; cum 107K 5/13;
  • 21801, 1,206, HRC, Fort Berthold 152-93-9C-10-2H, t11/12; cum 85K 5/13;
  • 21802, 741, HRC, Fort Berthold 152-93-9C-10-3H, t11/12; cum 77K 5/13;
  • 21803, conf, HRC, Fort Berthold 152-93-9C-10-4H,
  • 21805, conf, HRC, Fort Berthold 152-93-9C-10-5H,
  • 21807, conf, HRC, Fort Berthold 152-93-9C-10-6H,
A second area is a series of single- or two-well pads, but this is sure to change over time:
  • 17363, 591, Enerplus, Four Bears 20-11H, t12/08; cum 94K 5/13;
  • 18126, 1,001, HRC, Fort Berthold 152-93-17C-08-1H, t4/10; cum 229K 5/13;
  • 20269, 574, HRC, Fort Berthold 152-93-17C-08-2H, t6/11; cum 173K 5/13;
  • 20458, 555, HRC, Fort Berthold 152-93-17C-08-3H, t1/13; cum 35K 5/13;
  • 22090, 1,085, HRC, Fort Berthold 152-93-17C-08-4H, t1/13; cum 63K 5/13;

Sinopec Refining Throughput Rises > 5% ; Nothing About The Bakken

Platts is tweeting:
China's Sinopec H1 refining throughput rises 5.2% to average 4.69 mil b/d.
I assume this is for the most recent month for which data is available. Without additional data, it's hard to comment on on this, but one has to admit, a 5% increase in refining throughput suggests significant growth.

******************************

Crying, k.d. lang, Roy Orbison

We've Always Known Global Warming Would "Pause" -- Senior Climatologists

Updates

August 9, 2013: Denmark's "green newspaper" states that there has been a pause of 15 years in global warming and we are likely to be heading into a "little ice age."  [I don't like the "shouting" at the link but the story is too good to ignore.]

Original Post

I cannot make this stuff up. From The Independent:
Senior climate scientists said that they had always expected periods when the rate of increase in temperatures would level off for a few years and emphasised that the last decade was still warmer than any previous decade, with 12 of the 14 hottest years on record occurring since 2000.
Elsewhere it's been well documented that global warming stopped 15 years ago, and the scientists agree:
“Some people call it a slow-down, some call it a hiatus, some people call it a pause. The global average surface temperature has not increased substantially over the last 10 to 15 years,” Professor Sutton said.
It's no longer science. It's  dumb-agoguery.  "We've always knew the earth's warming would pause...we just didn't want to talk about it....and we still don't know why...but it's probably due to the deep ocean ...." -- senior climatologists.

So, why the pause?
A scientific assessment of the planet’s heat balance has found that the most likely explanation for the recent hiatus in global warming is the continual absorption of thermal energy by the huge “heat sink” of the deep ocean many hundreds of metres below the sea surface, according to scientists from the Met Office.
I guess the "huge heat sink of the deep ocean many hundreds of metres below the sea surface" was not doing its job 15 years earlier when Algore was typing his Nobel-prize-winning PowerPoint Presentation.

That's the problem with all this: fifteen years ago the earth stopped warming and folks attribute it to the ocean's heat sink; so what changed? The ocean has always been there.

Hardly Worth Posting -- Only One Well Coming Off The Confidential List On Tuesday -- But It's A Huge One For Halcon

  • 24255, 2,447, HRC Operating, Fort Berthold 152-93-7D-6-2H, Four Bears, t4/13; cum 45K 5/13:

DateOil RunsMCF Sold
5-2013301110
4-2013139380

For a huge company, like XOM or maybe even CLR, a well of this size may not "move the needle," but for a company producing about 12,000 boepd in the Bakken, this will move the needle.

Halcon's corporate presentations here. Worth a read.

Incredible Production Coming Out Of The Bakken

Is this a new record? I have to look up that Hess well some weeks ago. This is a KOG well:

BAKKEN5-201331240822414083361406695624411
BAKKEN4-20133029922298701175619524687712557
BAKKEN3-20133039986396363353022340022251

Adding up column 3: 93,900 bbls of oil.

And then look at the amount of natural gas that is being produced.

Compare this one KOG well with the staggering Hess wells in Clarks Creek.

The well: 18987: Two Shields Butte 14-21-16-2HS.

I.N.C.R.E.D.I.B.L.E.

Can someone remind me about the "hype" regarding the Bakken? This well might have been paid for prior to fracking.

The "original" link

Three (3) New Permits -- The Williston Basin, North Dakota, USA

Active rigs: 186 (significant fall from over the weekend; down four)

Three (3) new permits --
  • Operators: Legacy (2), Hunt
  • Fields: North Souris (Bottineau), Red Wing Creek (McKenzie)
  • Comments:
Wells that came off confidential list today were reported earlier; see sidebar at the right.

Some Profit-Taking On Oil

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you might have read here. 

Wow, the oil companies are hitting new highs today.  SLB continues to surge, hitting another 52-week high. XOM is within a nickel of a 52-week high but both CVX and COP hit new highs. BRK-B hit a new high. KOG was up (I haven't checked in awhile), though OAS was down a bit. SD and TPLM were up earlier (again, I haven't checked in awhile) but CHK down slightly.

BAX and BK both hit new highs.

So, another interesting Monday on Wall Street.

On another note on which I've blogged: the Pope gets it. Too bad President O'Bama does not get it.

The Pope is afraid there will be a whole generation that will never experience the joy of work. The Wall Street Journal is reporting:
Pope Francis warned on Monday that widespread youth unemployment was creating a jobless generation as he traveled to Brazil on the first foreign trip of his papacy.
"We risk having a generation that hasn't held a job. Personal dignity comes from working, from earning your bread. Young people are in a crisis," the pope said.
The global economic malaise is likely to loom large during the papal trip. Pope Francis, history's first pontiff from the global south, has focused his papacy on ministering to the poor—in a message that is likely to resonate in Brazil and other emerging economies, where a recent slowdown in growth is highlighting persistent income inequality and exacerbating public frustrations with perceived government largess.
But it's not just in the emerging markets, emerging countries. In some ways, joblessness can be worse in the OECD.

Idiocy -- Nothing About The Bakken In This Post; President's Poll Numbers Plummet

This is the second time I've seen a reference to "400" by the activist environmentalists. I think I've even blogged about this meaningless number. [Later: yes, here it is -- an earlier post on "400." Wow, what a great search engine.]

This time: "400 reasons to stop pipelines." 

A small town in Quebec can probably provide more than 50 better reasons to lay pipelines in lieu of more crude-by-rail traffic. That's how many folks were killed in a freight train disaster. Countless others were seriously burned and their lives will be changed forever. And, the town itself, was destroyed.

But if you are worried about the number "400" join the activist environmentalists or donate some money to Algore. And whatever you send to Algore, match it with a contribution to the Salvation Army. The SA needs it more than Al.

***********************

Speaking of idiocy: feds will establish diversity data for every neighborhood in America. Williston is going to have a very,very, very tough time diversifying its neighborhoods based on race.  If the feds have this kind of money to spend, there's plenty of fat left to cut. By the way, the feds can easily do this: zip+four; Zillow; and, of course, O'BamaScare. Absolutely everyone in America will have to fill out census data to obtain medical care. Even if they opt out of any federally-mandated program, the first time they show up in any emergency room or clinic, they will be filling out for DHHSF-1040, revised, which will include fields for voting history, and where one's mother was born. More than likely the form will require the passwords to your on-line bank accounts.

************************

I haven't watched CNBC in quite some time. When I watch CNBC, I enjoy Squawk Box but only because of Joe Kernen. But even Squawk Box is filled with too much fluff. The rest of the day is a joke. The noon hour "power lunch" is a soporific oxymoron. Jim Cramer is a momentum trader; though if one follows him long enough, one can see he does have a balanced portfolio, if not a balanced mind. Fast Money is very, very good (except on Fridays, when it is co-opted by options traders). Kudlow drives me nuts; his guests are too fair and balanced. Too political. So when I hear that CNBC ratings are sinking, it's not surprising. Being a sister to MSNBC might explain a lot. So, it was not surprising to see a story about their only "star" suggesting she may be ready to jump ship. My hunch: she will stay with CNBC for a bigger salary. She should have learned from Erin Burnett. Does anyone even watch Ms Burnett any more. I was among her top-five fan base and I don't even look for her any more. Of course, I don't have cable.

For the record, I do not care for Ms Maria. I have only begun to tolerate her over the years because a) there's no one else to compare her to; b) Joe Kernen is only on in the morning; c) Ms Burnett is gone. The latter, without question, was the best and the brightest. And the best-looking, though most disagree with me. I assume those who disagree with me have "something for" Andrew Ross Sorkin.

**********************

On a lighter note. Last evening, at Nelson's at The Terrnea on Palos Verdes Peninsula, I had a Uinta Hop Notch -- my first ever. Wow! I was impressed. The table attendant told me I got the last bottle. Later I talked to the bartender, asking about beer favorites among his patrons. Among the IPAs, it was a toss-up between two. I believe the other was Green Flash West Coast IPA (but don't quote me on that). Be that as it may, the Uinta Hop Notch was top notch, and it was outselling West Coast (or whatever #2 was). The Uinta was incredible. I told the bartender, that after awhile all beers start tasting the same, and then one tastes a world-class beer and one's impression changes. I was very, very impressed. Unfortunately, I bet it is not easy to find Uinta Hop Notch in the Dallas area. We will see.

The only disappointment: the label says the beer was brewed with renewable energy, specifically solar and wind. But, of course, in this PC world, what would one expect.

****************************
 
President O'Bama's poll numbers plummet. McClatchy is reporting:
Stung by Americans’ persistent worries about the economy and a capital gripped by controversy and gridlock, President Barack Obama is suffering his lowest job approval numbers in nearly two years, according to a new McClatchy-Marist poll.

The plummeting numbers – still higher than those of Congress – come after weeks of rising gasoline prices, revelations about domestic spying and turmoil in the Middle East.
The disappointing results come as the White House this week looks to turn the national conversation back to the economy. Obama will deliver the first of a series of speeches Wednesday aimed at offering his vision for boosting economic growth, even as the new poll found that just 37 percent of the respondents approved of his handling of the economy, while 56 percent disapproved.
Overall, the poll found Obama’s job approval at 41 percent last week, a sharp drop from April’s 50 percent and his worst showing in the poll since 39 percent in September 2011. Forty-eight percent disapproved in the latest poll, up from April’s 46 percent.

Read more here: http://www.mcclatchydc.com/2013/07/22/197361/poll-obamas-job-approval-plunges.html#.Ue4yxFMYKfR#

Several Story Lines Coming Out Of Minnesota, Wisconsin Regarding Fracking Sand

A huge "thank you" to a reader for sending me this story. Two story lines:
  • frack sand supply and demand in balance
  • when demand comes back, Wisconsin will be source; Minnesota dithered and lost out
The story is at The StarTribune:
WINONA, Minn. — Short-term demand for frac sand in western Wisconsin and eastern Minnesota has fallen because there's more available than the industry currently needs.
Demand had exploded several years ago, spurring companies to open mines and processing facilities and ship across the country for fracking operations, according to the Winona Daily News.
But that demand has cooled significantly this year, according to industry representatives and reports from government agencies. Some of the region's newly permitted sand mines are idle, as are loading and hauling facilities, and some operations are stockpiling sand.
And then this story line of what happens when a state dithers (though the environmentalists are happy):
Paul van Eijl, who purchases land for Superior Sand Systems in the region, said until there is an increase in demand, the company's new facility in Wabasha, Minn. — permitted in December 2012 — will likely remain idle.
"We just don't have any contracts," he said.
Superior Sands' rail loading facility is an example of one of many area operations that have stalled because they weren't permitted before the demand leveled off.
But happy days for Wisconsin:
By comparison, U.S. Silica, a 113-year-old company, just opened a new mine and processing facility in Sparta, Wis., and expects to have no problem selling the close to 4.5 million tons of sand it plans to mine yearly from its 15 mines and processing plants scattered across the country.
"We are confident in our ability to sell the increased capacity," said Lawson, adding that the company expects to see 10 to 15 percent growth this year.
When the demand rises again, a combination of looser regulations, geology and easier access to shipping channels all point to Wisconsin being in the better position to handle it.
For activist environmentalists, don't pop the champagne yet:
"There may be a temporary stabilization, but it's only temporary," said Winona County, Minn., planning and environmental services director Jason Gilman.
But the edge will go to Wisconsin.

Oh, by the way, there's another story line: when supply meets demand, prices tend to go down. It should be somewhat less expensive to frack a Bakken well, all things being equal, now that supply of fracking sand is meeting demand.

I would assume the same for ceramics. The bad news for sand enthusiasts: there is some data analysis that suggests all-ceramic fracking is the most economical way to go. The jury is still out on this.

Is This An Opportunity For The O'Bama Administration To Kill CBR?

The administration killed the oil pipeline.

Now it has an opportunity to kill CBR. -- Motley Fool.

Investors should be relieved that one of President O'Bama's closest friends also owns one of the biggest (if not the biggest) US railroad company.

WTI-Brent Spread -- The Market Realist

This is nothing new for regular readers. I didn't read the entire article at the link so I don't know if they explained the narrowing spread, but here is the story from MarketRealist:
The spread between West Texas Intermediate (WTI) and Brent crude represents the difference between two different crude benchmarks, with WTI being more representative of the price that US oil producers receive and Brent being representative of the prices received internationally. The two crudes are of similar quality, and theoretically should be priced very close to each other. However, the prices had differed greatly between the two crudes because a recent surge in production in the United States has caused a buildup of crude oil inventories at Cushing, Oklahoma where WTI is priced. This created a supply/demand imbalance at the hub causing WTI to trade lower than Brent. Before this increase in US oil production, the two crudes had historically traded in-line with each other.
Great news for just about everyone. 

Some Interesting Observations In The Bakken -- A Huge "Thank You" To A Reader

A reader, last night, alerted me to an interesting phenomenon, or story line, in the Bakken.

He alerted me to well file #18987. This well is on a four-well pad in Heart Butte oil field.

I was too tired to post that last night. I'm glad I waited.

Look at well file #20516 reported today. This well is on a two-well pad in Pembroke oil field.

There are many, many story lines here. The biggest story line is one I don't think even Mike Filloon has talked about yet. There are so many surprises in the Bakken.

I will get back to this later. [Later: I was going to talk about these wells again, but I think the comments and the note below explains enough, so I'm going to hold off for now.]

Later:  see comments below. For purposes of the search engine --
I will post the "rest of the story" later tonight. A reader alerted me to what was going on. I'm pretty sure I have the story 99% correct, but other readers might add a bit of detail, either before or after I update the post.

The short answer:
a) in one case: KOG waited almost two years to frack the well; they specifically stated in the well file the well was producing and was not fracked. They fracked it recently; you can guess the month by looking at the monthly production figures.

b) in the other case, the initial frac was only 3 stages and 400,000 lbs proppants; they did not test it or report an IP at that time (at least I don't think they did). KOG recently went back and fracked (again) with 28 stages and a bit over 4 million lbs of ceramics.

I can't imagine the first frack was scheduled to be a 3-stage frack, so I assume something went bad. Another reader might have more information.

Many, many story lines here and I hope to update later this evening with the story lines, but those would be worth only two cents -- my "2-cents worth -- I believe the above is accurate but others may know more.

20596

NDIC File No: 20596     API No: 33-053-03532-00-00     CTB No: 120596
Well Type: OG     Well Status: A     Status Date: 12/31/2011     Wellbore type: Horizontal
Location: SWSE 22-149-98     Footages: 5 FSL 2550 FEL     Latitude: 47.703298     Longitude: -103.207467
Current Operator: KODIAK OIL & GAS (USA) INC.
Current Well Name: SMOKEY 15-22-34-15H
Elevation(s): 2373 KB   2345 GR   2357 GL     Total Depth: 20639     Field: PEMBROKE
Spud Date(s):  7/9/2011
Casing String(s): 9.625" 2274'   7" 11698'  
Completion Data
   Pool: BAKKEN     Perfs: 11698-20639     Comp: 12/31/2011     Status: F     Date: 1/1/2012     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 89859     Cum MCF Gas: 180180     Cum Water: 58379
Production Test Data
   IP Test Date: 1/1/2012     Pool: BAKKEN     IP Oil: 101     IP MCF: 244     IP Water: 522
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-2013227767776054311313512835234
BAKKEN4-20130000000
BAKKEN3-20130000000
BAKKEN2-201319380437642254705369952
BAKKEN1-20133162126521409313100116351372
BAKKEN12-20123169316863412113960117892078
BAKKEN11-20123079907758493717228124814657
BAKKEN10-20123187898850592318262143023867
BAKKEN9-2012301025610196640819269122176962
BAKKEN8-2012281261312678828830893280192793
BAKKEN7-201229228652278214775438193321810515
BAKKEN6-201237213520744025
BAKKEN5-20123153460914070352783
BAKKEN4-2012289478464011471483904
BAKKEN3-20120000000
BAKKEN2-201261635011301800
BAKKEN1-20122710184434461192740371
BAKKEN12-2011145012300

20516

NDIC File No: 20516     API No: 33-053-03506-00-00     CTB No: 120516
Well Type: OG     Well Status: A     Status Date: 4/29/2013     Wellbore type: Horizontal
Location: SWSE 22-149-98     Footages: 27 FSL 2571 FEL     Latitude: 47.703358     Longitude: -103.207552
Current Operator: KODIAK OIL & GAS (USA) INC.
Current Well Name: SMOKEY 15-22-15-2HS
Elevation(s): 2373 KB   2345 GR   2345 GL     Total Depth: 21505     Field: PEMBROKE
Spud Date(s):  4/16/2011
Casing String(s): 9.625" 2232'   7" 11581'  
Completion Data
   Pool: BAKKEN     Perfs: 11581-21505     Comp: 12/31/2011     Status: F     Date: 4/29/2013     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 51562     Cum MCF Gas: 102785     Cum Water: 41953
Production Test Data
   IP Test Date: 12/31/2011     Pool: BAKKEN     IP Oil: 50     IP MCF: 211     IP Water: 520
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-201331309953068526087644165134512978
BAKKEN4-201353671359211914742313956014
BAKKEN3-20130000000
BAKKEN2-2013201054100217018261421626
BAKKEN1-20133113671329203234902257
BAKKEN12-2012311629167922628991072700
BAKKEN11-20121411691097175445822292187
BAKKEN10-2012271530140333119031038784
BAKKEN9-201224130000
BAKKEN8-20122716361756253292115831257
BAKKEN7-20123122082173341394013712476
BAKKEN6-20123029573274488512636551381
BAKKEN5-2012226120936736834913
BAKKEN4-20121418851753113135092413229
BAKKEN3-20120000000
BAKKEN2-201213328647283753360
BAKKEN1-2012317761672391266974199
BAKKEN12-201129200600

18989

NDIC File No: 18989     API No: 33-025-01094-00-00     CTB No: 218988
Well Type: OG     Well Status: A     Status Date: 12/16/2010     Wellbore type: Horizontal
Location: SESW 21-149-92     Footages: 44 FSL 2621 FWL     Latitude: 47.703075     Longitude: -102.460344
Current Operator: KODIAK OIL & GAS (USA) INC.
Current Well Name: TWO SHIELDS BUTTE 14-21-33-16H3
Elevation(s): 2216 KB   2188 GR   2190 GL     Total Depth: 20215     Field: HEART BUTTE
Spud Date(s):  7/2/2010
Casing String(s): 9.625" 2368'   7" 10921'  
Completion Data
   Pool: BAKKEN     Perfs: 10921-20215     Comp: 12/16/2010     Status: AL     Date: 1/5/2012     Spacing: 2SEC
Cumulative Production Data
   Pool: BAKKEN     Cum Oil: 140939     Cum MCF Gas: 107423     Cum Water: 68296
Production Test Data
   IP Test Date: 12/18/2010     Pool: BAKKEN     IP Oil: 958     IP MCF: 508     IP Water: 952
Monthly Production Data
PoolDateDaysBBLS OilRunsBBLS WaterMCF ProdMCF SoldVent/Flare
BAKKEN5-201331632363393865506004970
BAKKEN4-201313282525931592219802160
BAKKEN3-20130000000
BAKKEN2-20130000000
BAKKEN1-20130000000
BAKKEN12-201219377740811029353882492
BAKKEN11-20123065286792383460122432270
BAKKEN10-20123163376007557482823432392
BAKKEN9-201230689576231609409520681938
BAKKEN8-201231710563751639434221562095
BAKKEN7-201231604960043340522005134
BAKKEN6-201230655769614046587305785
BAKKEN5-201231678262504641594605853
BAKKEN4-201230622762544168554905461
BAKKEN3-201231839984555875731407223
BAKKEN2-201229767376222941568923413262
BAKKEN1-201220542053414088462104563
BAKKEN12-201127150150711940113
BAKKEN11-201130626369383361546504715
BAKKEN10-201121705569223592476304238
BAKKEN9-201128744275934427540304703
BAKKEN8-201122682063074640516204612
BAKKEN7-20116109210641472870137
BAKKEN6-20115148054000
BAKKEN5-20110000000
BAKKEN4-20110000000
BAKKEN3-201110133023994026000350
BAKKEN2-201128735168502508441003710
BAKKEN1-201123923191153702616705592
BAKKEN12-201013716068216638670106376